Bergo on Norwegian economy & financial stability

- Central Banking staff
- 08 Nov 2006

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In the speech 'The Norwegian economy and financial stability' given on 7 November Jarle Bergo of the Norges Bank said the Norwegian financial system appears sound, well managed and competitive, and shorter-term vulnerabilities appear low overall.

"Beyond the shorter term, rising household debt levels and associated house price inflation were the most important potential risk factors that needed to be watched.

"Growth in household debt has been higher than growth in disposable income for several

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